Welcome to our dedicated page for CYTODYN news (Ticker: CYDY), a resource for investors and traders seeking the latest updates and insights on CYTODYN stock.
CYDY is a clinical-stage biotechnology company focused on developing leronlimab, a humanized IgG4 monoclonal antibody that targets CCR5, a protein on immune system cells. Having invested in clinical trials, CYDY aims to revolutionize treatment across multiple therapeutic areas including HIV, oncology, MASH, and MASLD. Despite facing challenges in FY23, the company took measures to conserve resources, reduce operating expenses, and position itself for near-term and long-term success. CYDY is focused on completing the resolution of the FDA's partial clinical hold and exploring various therapeutic indications for leronlimab to maximize patient and practitioner benefits.
CytoDyn Inc. (OTCQB: CYDY) has completed a meeting with the FDA regarding its planned Phase II study of leronlimab in relapsed/refractory microsatellite stable colorectal cancer patients. The study will investigate leronlimab's safety and activity in combination with trifluridine plus tipiracil (TAS-102) and bevacizumab. The trial will be an open-label, randomized (1:1), multicenter study evaluating leronlimab doses of 350 mg and 700 mg in approximately 60 patients with CCR5+, microsatellite stable metastatic CRC (mCRC). Patients must have measurable disease and prior treatment with specific chemotherapies. The company plans to submit its final study protocol to the FDA and engage a clinical research organization (CRO) to initiate the trial in the coming months.
CytoDyn has settled its lawsuit with Amarex Clinical Research, resulting in a $12 million cash payment to CytoDyn and the elimination of a $14 million accounts payable liability. This settlement was reached to resolve all legal claims between the parties, with no additional payment required from CytoDyn. The settlement also includes the release of a $6.5 million surety bond to CytoDyn. The company believes this outcome substantially strengthens its balance sheet, providing immediate non-dilutive cash and eliminating a significant liability. CytoDyn plans to utilize these resources to further its clinical trials and research initiatives.
CytoDyn, a biotechnology company working on leronlimab, announced the start of a preclinical MASH study with SMC Laboratories. The study aims to clarify optimal dosing and evaluate combination therapy potential, with results expected in Fall 2024. The study will assess leronlimab's effectiveness in preventing or reversing liver fibrosis at 350 and 700 mg doses, alone and combined with Resmetirom. CytoDyn's CEO, Dr. Jacob Lalezari, emphasized this study's importance for future partnerships in the MASH space, even as the company focuses on oncology and inflammation therapies.
CytoDyn, a biotechnology company developing the CCR5 antagonist leronlimab, announced a webcast scheduled for May 30, 2024. The event, led by CEO Dr. Jacob P. Lalezari, will feature updates on clinical trials, research collaborations, and development opportunities. Key executives including Tanya Urbach, Mitch Cohen, Tyler Blok, and Scott Hansen will join. The webcast is accessible online, and a replay will be available until June 30, 2024. No Q&A session will occur, but questions can be submitted via email.
CytoDyn's CEO, Dr. Jay Lalezari, updates shareholders on key 2024 fiscal year achievements, including the lifting of the FDA clinical hold in February 2024. The company is working towards initiating clinical trials for leronlimab, focusing on relapsed/refractory microsatellite stable colorectal cancer and its anti-inflammatory effects.
Partnerships and research initiatives, such as studies on Alzheimer's and HIV, are in progress. The company has submitted multiple leronlimab manuscripts for peer review and continues to explore new research and development partnerships. Dr. Lalezari emphasizes the company's commitment to shareholders and the potential of leronlimab as a breakthrough therapeutic.
FAQ
What is the current stock price of CYTODYN (CYDY)?
What is the market cap of CYTODYN (CYDY)?
What operational and financial adjustments did the Company make in fiscal year 2023?
What is the status of the clinical hold?
What is the short-term development plan for leronlimab following the resolution of the clinical hold?
What is the current status of the longer-acting therapeutic project?
What is the current status of the CEO search?
How does the Company make decisions regarding executive compensation?
What is the current status of the Amarex litigation effort?
What is the status of the new communication strategy?
What clinical trials is the Company currently working on?
Is leronlimab currently available to the public outside of a clinical trial?
